With so many options and features, deciding which crypto exchange is best for you as a trader in Venezuela can be challenging. The most important thing is to ensure that the crypto exchange you choose is fully licensed and fully compliant with the rules and regulations set forth by the National Superintendence of Cryptoassets and Related Activities (SUNACRIP) for crypto trading in Venezuela.
Another thing you can consider is if the exchange supports the Venezuelan Bolivar(VES). That could help make crypto purchases and other payments on the platform more convenient for Venezuelan traders.
Top 5 Crypto Exchanges in Venezuela
In this article, we’ve compiled a list of Venezuela’s 5 best crypto exchange platforms. We’ve also provided all the information you need to decide on the right crypto exchange platform for your needs, including trading fees, supported cryptos, and many more.
- Bybit – Best Crypto Exchange in Venezuela
- MEXC – Best Alternative Exchange in Venezuela
- Phemex – Popular Exchange in Venezuela
- OKX – Largest Exchange in Venezuela
- Kraken – Most Secure Exchange in Venezuela
1. Bybit
Launched in 2018, Bybit is one of the world’s fastest-growing cryptocurrency exchanges, with over 10 million users in 180+ countries, including Venezuela. The platform supports over 400 cryptocurrencies for trading, including BTC, ETH, and USDT.
Aside from spot and futures trading, Bybit offers bot and NFT trading. On the spot market, the fees are set at 0.1% for both makers and takers.
Additionally, Bybit offers advanced trading features, low fees, and high leverage. The platform charges 0.02% for makers and 0.055% for takers on the futures market, with leverage of up to 100x on derivatives and perpetual contracts.
That makes Bybit an excellent choice for traders in Venezuela seeking advanced trading features with low fees and high leverage.
Another thing about Bybit is that the platform is fully licensed and compliant with all the SUNACRIP guidelines for crypto trading in Venezuela.
Lastly, Bybit supports over 60 fiat currencies, including the Venezuelan Bolivar (VES). Users can buy cryptos with various payment methods, including P2P trading through Banesco, Mercantil, etc.
To learn more about Bybit, check out our full Bybit review.
Spot Fees: 0.1% maker/ 0.1% taker
Futures Fees: 0.02% maker/ 0.055% taker
Supported Cryptos: 400+
Customer Support: 24/7 live chat
Licensed & Regulated: Regulated by FinCEN with MSB license.
2. MEXC
MEXC is a professional crypto exchange offering access to over 1600 digital assets for active trading. The exchange features a comprehensive trading interface that is easy to navigate for beginners. Experienced traders can also access advanced trading tools, including technical indicators, real-time charts, etc.
Another thing about MEXC is its low trading fees. With access to a 0% charge for makers and takers on the spot market and a 0%/0.02% maker/taker fee for futures trading, MEXC is one of the best cryptos exchanges for traders seeking low trading fees to maximize profits.
Additionally, MEXC is fully licensed and compliant with all the rules and regulations of SUNACRIP for crypto trading in Venezuela. Kindly note that MEXC doesn’t support the Venezuelan Bolivar (VES) for payments. However, the platform provides various alternative means of payment for Venezuelan traders, including Visa/Mastercard, P2P trading, and many more.
To learn more about MEXC, check out our full MEXC review.
Spot Fees: 0% maker/ 0% taker
Futures Fees: 0.% maker/ 0.02% taker
Supported Cryptos: 1600+
Customer Support: 24/7 live chat
Licensed & Regulated: Regulated by FinCEN with MSB license and MTR.
3. Phemex
Phemex is a popular crypto exchange that was launched in 2018. The platform has over 10 million users across 180 countries worldwide, including Venezuela. Additionally, Phemex is an advanced crypto trading platform that complies with all the rules and regulations of SUNACRIP, making it a reliable platform for users in Venezuela.
The exchange offers over 300 cryptocurrencies for spot and futures trading. Although Phemex offers spot and futures trading, it is best for futures trading as it offers low fees and high leverage.
On the spot market, Phemex charges 0.1% for both makers and takers, while for futures, charges are set at a 0.01% maker fee and a 0.066% taker fee. Phemex also offers high leverage of up to 100X on derivatives and perpetual contracts.
Lastly, Phemex doesn’t support the VES for payments but offers various affordable payment methods for Venezuelan traders, including credit/debit cards, third-party payment methods, e.g. Banxa, and many more.
To learn more about Phemex, check out our full Phemex review.
Spot Fees: 0.1% maker/ 0.1% taker
Futures Fees: 0.01% maker/ 0.066% taker
Supported Cryptos: 300+
Customer Support: 24/7 live chat
Licensed & Regulated: Regulated by FinCEN with MSB license.
4. OKX
OKX stands out as one of the largest crypto exchanges available for users in Venezuela, with over 50 million users worldwide. The platform is one of the best exchanges for buying cryptos securely in Venezuela, with access to over 350 cryptos, including BTC, ETH, and USDT.
Furthermore, OKX offers users access to a broad range of trading options. These include spot trading, margin trading, futures trading, perpetual swaps, NFTs, and many more.
Users have access to fees as low as 0.08% for makers and takers on the spot market, while for futures trading, charges are set at 0.02% for makers and 0.05% for takers.
The exchange is also excellent for users seeking passive income while trading. OKX features various passive income products, including Copy trading, bot trading, and crypto staking.
Another thing about OKX is its strict security and regulatory compliance with SUNACRIP to ensure a safe trading environment for crypto traders in Venezuela. Users can also use the Venezuelan Bolivar (VES) with various payment methods on OKX.
If you want to learn more about OKX, check out our full OKX review.
Spot Fees: 0.08% maker/ 0.1% taker
Futures Fees: 0.02% maker/ 0.05% taker
Supported Cryptos: 350+
Customer Support: 24/7 live chat
Licensed & Regulated: Regulated by FinCEN with MSB license.
5. Kraken
One of the oldest and most established crypto trading platforms is Kraken. Founded in 2011, the company has its headquarters in San Francisco, California. The platform has over 9 million users across over 190 countries, including Venezuela.
Kraken stands out among other crypto trading platforms in Venezuela because of its advanced security features and user asset security, which has earned the platform an ISO 27001 Security Certification. The platform implements advanced security features, including two-factor authentication, cold storage, SSL encryption, and more, to ensure the safety of user assets.
Other features include NFT trading, margin trading, futures trading, up to 26% Annual Percentage Yield (APY) on crypto savings, and many more. That makes Kraken a versatile choice for active traders in Venezuela.
Users can access trading fees as low as 0.02% for makers and 0.05% for takers for futures trading. However, the spot fees are 0.16% for makers and 0.26% for takers, which is relatively high.
Additionally, over 200 cryptocurrencies are available for trading on the Kraken exchange. Kraken also provides advanced trading tools, including real-time charts, technical indicators, advanced order types, and many more, making it an attractive choice for advanced traders.
Lastly, Kraken fully complies with Venezuela’s trading rules and regulations. Although the VES isn’t supported for payments, Venezuelan traders can still buy cryptos seamlessly with various payment methods, including bank cards, P2P trading, and more, at very affordable fees.
To learn more about Kraken, check out our full Kraken review.
Spot Fees: 0.16% maker/ 0.26% taker
Futures Fees: 0.02% maker/ 0.05% taker
Supported Cryptos: 200+
Customer Support: 24/7 live chat
Licensed & Regulated: Regulated by FinCEN with MSB license.
Final Thoughts
Listed above are the best 5 crypto exchanges for traders and investors in Venezuela. They are all reputable exchanges that SUNACRIP comprehensively regulates, but they all offer various features and services. So, if you’re seeking a reliable crypto exchange in Venezuela, simply go through the top list above and select a platform that best suits your needs.
MEXC is the best option for Venezuelan traders for a wide range of supported cryptos. If you’re seeking low trading fees, MEXC, Phemex, and OKX are your best options. For comprehensive futures trading, Bybit and Phemex are your best options.
Also, OKX stands out as the best option for users seeking to earn more passive income while trading. However, we recommend Bybit as the best crypto exchange for Venezuelan traders as it fully supports the Venezuelan Bolivar (VES) and offers premium trading features.
